MediaFlo FCC Licenses go to AT&T for LTE

AT&T and MediaFLO have signed an agreement for AT&T to purchase MediaFLO’s 700 MHz licenses.  The sales price is reported to be nearly $1.93 billion.

AT&T will use the new bandwidth to supplement its LTE data offerings starting in 2011.

iPhone/iPad users should be jumping for joy as this will help take the pressure off of the currently sssssslllllllllllllooooooowwwwwww data throughput that so many have complained about.

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